Intelligent manufacturing level and corporate investment efficiency

Ying Liu and Lei Zheng

Finance Research Letters, 2025, vol. 77, issue C

Abstract: This study delves into the impact of intelligent manufacturing (IM) capabilities on corporate investment efficiency using data from China's A-share listed companies from 2012 to 2022. Findings reveal that enhancements in IM capabilities significantly improve corporate investment efficiency; operational performance plays a positive moderating role in increasing investment efficiency through IM; operating costs exert a negative moderating influence; and the promotional effect of IM capabilities on investment efficiency is more pronounced in private enterprises.

Keywords: Intelligent manufacturing capability; Operational performance; Operating cost; Investment efficiency (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:77:y:2025:i:c:s1544612325003708

DOI: 10.1016/j.frl.2025.107107

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